Banks Investing Over $100 Billion in Blockchain Infrastructures with Ripple Since 2020

Between 2020 and 2024, traditional financial institutions engaged in 345 blockchain and digital asset deals totaling over $100 billion, according to a joint report by Ripple, CB Insights, and the UK Centre for Blockchain Technologies. The analysis covered more than 10 000 transactions and surveyed over 1 800 finance professionals across North America, Europe, and Asia. Payment infrastructure initiatives represented the largest segment of investment, while custody solutions and tokenization of real-world assets accounted for substantial portions of capital deployment. Among the institutions profiled were HSBC, which developed a tokenized gold platform; Goldman Sachs, which introduced a blockchain settlement tool; and SBI, which advanced quantum-resistant digital currency research. The report found that 90 percent of surveyed executives anticipate blockchain technologies will deliver a significant or massive impact on financial services by 2028, with more than two-thirds planning to launch enterprise blockchain initiatives within three years. Approximately 65 percent of bankers indicated active exploration of digital asset custody solutions, and over half identified stablecoins and tokenized assets as priority areas. Despite ongoing regulatory uncertainties, the study emphasizes that institutional adoption of blockchain is proceeding quietly beneath market highs and lows, focusing on infrastructure modernization rather than speculative trading. Emerging economies such as the United Arab Emirates, India, and Singapore led deal volumes, outpacing traditional finance hubs in the United States and Europe. The report frames these developments as a foundational shift in financial market architecture that is likely to accelerate as interoperability and standards evolve toward mainstream deployment.